Life Insurance 2955 views September 5, 2019

The insurance industry in India is growing at a very rapid pace. While previously we only had a handful of public sector insurance companies,  today we have not one but a large number of private insurance firms. All of these companies offer highly credible insurance policies, both in the life insurance as well as general insurance domains. You can get some great insurance coverages at very competitive rates. Take a look at this article to know more about the top best private insurance companies in India in 2021 and the factors that make them stand out from the rest.

List of Top 10 Private Life Insurance Companies in India 2021

Let us begin by listing the top 10 private life insurance companies in India:-

HDFC Life 

HDFC Life is one of the largest and most successful private life insurance companies in India. You can get some of the best possible life insurance plans from this insurer. Apart from providing a wide range of covers, HDFC Life also has a very helpful customer support team. The insurer has won a number of awards and accolades in the past, making it a highly reputed life insurance company.

ICICI Prudential Life Insurance

Next, on the list, we have ICICI Prudential Life Insurance. This is another excellent private life insurance provider that offers everything from the best term insurance plans to the endowment insurance plans to the money-back plans and so on. You will find every type of life insurance coverage when you choose ICICI Pru as your life insurance provider. They also have a very high claim settlement ratio, which makes them one of the most bankable private insurance company in India.

SBI Life Insurance

SBI Life Insurance Company is another very trusted name in the Indian life insurance sector. The company has been around for many years and has been offering some of the best and most affordable life insurance policies to its customers. A recipient of some of the most prestigious awards and recognitions, SBI Life is one of the largest private life insurance companies in India without any doubt.

Bajaj Allianz Life Insurance 

Bajaj Allianz life insurance comes in at number 4. The company has many good life insurance products to choose from. They also offer excellent service,  have a high claim record and are digitally savvy. You will, therefore, make a good decision if you make Bajaj Allianz your life insurance provider. 

Kotak Mahindra Life Insurance

Kotak is one of the largest names in the Indian financial world. Its isn’t surprising therefore to see Kotak Life Insurance featured in this list. You get some of the best term insurance plans, ULIPs, retirement plans, child plans, etc from this insurance provider, that too at some great prices. 

Max Life Insurance

Max Life is one of the oldest private life insurance companies in India in 2019. It has been around for a long time and has been offering some of the very best life insurance covers at very affordable rates. The company also enjoys a high claim record, is very approachable and is always positive in its interaction with its clients.

Aditya Birla Sun Life Insurance

At number seven, we have Aditya Birla Sun Life Insurance is jointly owned by the Aditya Birla Group and the Sun Life Insurance Company. It has some very good insurance plans on offer. The company offers some unique features and benefits on their plans, something that makes them stand out.

Tata AIA Life Insurance

Tata AIA Life Insurance is known for its professional service, feature-loaded plans, and excellent digital presence. You get some of the best life insurance coverage when you opt for a type of life insurance from Tata AIA. do remember to check out the options available from this life insurance company before you make your final selection.

PNB MetLife Insurance

Next, we have PNB MetLife. This excellent life insurance company has some very good endowment life insurance policies, term insurance policies, pension plans, etc on offer. A huge advantage you get when you buy life insurance from PNB MetLife is the cheap life insurance quotes. The company offers some of the best rates so you get to stay insured in an economical manner.

Bharti AXA Life Insurance

To round off the list of the best private life insurance companies in India, we have Bharti AXA Life Insurance. Known to have some good insurance policies on offer, this company works with a lot of ethics and professionalism. You, therefore, end up with a very good life insurance provider when you buy a plan from Bharti AXA Life Insurance.  

As you can see, these are some of the best and most reputed insurance companies offering excellent life insurance plans. You can choose a good plan from any private life insurance company and keep yourself and your loved ones protected.


To put it in a nutshell, the private insurance industry and companies in India is booming at the moment. There are some very good companies offering some of the very life insurance, best health insurance, car insurance, travel insurance, etc covers. Go over your own insurance requirements and see which cover suits you the best. Compare insurance quotes online and then select the ideal policy that matches all your needs.

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